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Bitcoin’s Major Upgrade Taproot Set for Activation This Week
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The much-anticipated Bitcoin (BTC) upgrade, Taproot, is expected to finally be activated this week.
Per taproot.watch, the upgrade will activate in 872 blocks from the time of writing, or in estimated 6 days.
Taproot is a major event and a major upgrade - the largest one since SegWit, which was activated in 2017. Taproot is expected to:
Taproot will enable a solution called MAST (Merkelized Abstract Syntax Tree), which is meant to allow smart contracts to be more efficient and private by revealing only the relevant parts of the contract when spending, while the rest remains hidden. It will enable smart contracts, regardless of their complexity, to be seen as regular transaction on the blockchain.
Also, Taproot is that it comes with Schnorr, a
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